Item 1.01 Entry into a Material Definitive Agreement.
Zillow, Inc. ("Zillow") entered into an Amendment to Office Lease for its
corporate headquarters at 1301 Second Avenue, Seattle, Washington 98101 (the
"Amendment") with FSP-RIC LLC ("the Landlord"), the successor-in-interest to The
Northwestern Mutual Life Insurance Company, dated as of June 27, 2012 and
terminating on November 30, 2022. The Amendment, among other things, increases
the rentable area of the premises by 21,575 square feet for additional annual
base rent of $36.00 per rentable square foot, subject to an annual increase of
$1.00 per rentable square foot on each anniversary of the lease commencement
date, in addition to payment of Zillow's proportionate share of the related
operating expenses and real estate taxes. The Amendment also provides that the
Landlord will provide for a cash allowance of approximately $0.8 million toward
the payment for the design, permitting and construction of tenant improvement
work on the premises.
The above description of the Amendment is qualified in its entirety by reference
to the full text of the Amendment, a copy of which is filed herewith as Exhibit
10.1 and is incorporated into this Item 1.01 by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit
Number Description
10.1 Amendment to Office Lease by and between FSP-RIC LLC and Zillow, Inc.,
dated as of June 27, 2012.
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